Daily market summary of NF and charts, data of NF & BNF -24Jun'21

NF had resolved lower with close below VAL in previous session. Observation was that it was rare auction of stopping trend down move first and then resolving further lower into close.With such auction,expected sellers to sustain below 15720 to probe lower else they had to face squeeze all day.

NF had a open around VAL zone 15720 and attempt to sustain lower failed and gone for open rejection reverse up above 15720.. Solid confirmation was kept at 15750 to squeeze sellers till 15790/15820 and above. NF gone for trend day to get a probe till 15819 and closed at dPOC.

Pointers from the day :

NF printed double distribution trend day up with dPOC close..Skew was with buyers today at close and as long as staying above 15770 they could seek for further follow through higher.

It was inside day and could look for extension and imbalance from this profile.

NF left buying tail and that could be good support zone for next session.

Swing wise long got triggered at 15750 (roughly 15800 in July) and negation now at 15750. Probe is for 15900/15990.

For next session, 15810-15820 support and staying above and could clear 15860 to get 15905/15950 if sustains then 15990-16020 probe possible.

If fails to sustain below 15770 and accepts above 15810 could test 15845-15860.

Weak below 15800 for 15770-15750 and quite weak below 15750 for 15720-15700/15650.

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